KUALA LUMPUR (Nikkei Markets) -- Malaysia Thursday relaunched a $11 billion China-backed rail project after slashing the construction cost by a third, which is expected to rev up activities in a slowing economy and reduce interest liability of the government hobbling under massive debt.
Malaysia is hoping the revival of East Coast Rail Link or ECRL will not only benefit the construction sector - a key component of its economic output - but also boost the logistics segment.
